Highlights / Economy

Economy, International

Build at home: Canada’s shipbuilders angry at government foreign ship purchases

The Canadian Marine Industry and Shipbuilding Association (CMISA) is upset at the Canadian government over plans to buy a used light icebreaker from abroad for the Canadian Coast Guard. The CMISA represents shipyards and related suppliers from across the country. »

Economy, International, Society

Super rare huge Canadian diamond sells for record online price

A ‘flawless’ white diamond, the size of a small egg, was sold yesterday at a Hong Kong auction for an online record for the equivalent of C$ 20.9 million (USD $15.7). The 103.9 carat diamond was cut from a large »

Economy, Society

Asbestos: town to try again for new name to distance itself from its past

The Quebec town was once one of the world’s largest exporters of the mineral asbestos. Unfortunately the mineral became known as a health hazard and its use if not banned outright is strictly controlled. The giant mines in and around »

Economy, Society

Huge iconic remnant of retail in Canada closing

One of the last great vestiges of retail in Canada is set to close. The giant ‘Bay’ store in Winnipeg, already hurting from changing shopping habits, has now succumbed to COVID. Hudson’s Bay announced it will close the operation in »

Economy, International, Politics

Canadian grain farmers say U.S. farm subsidies threaten their survival

Eastern Canada grain farmers demand action from Trudeau “Farmers need to be able to cover the cost of production or many of them will not be able to survive much longer.”reads a public statement from farm organisations in eastern Canada. »

Economy, Politics, Society

Ottawa announces more funding for businesses gasping for air from COVID-19

The federal government is providing $600 million in new funding to help small and medium-sized businesses deal with possible lockdowns amid a second wave of the COVID-19 pandemic. Prime Minister Justin Trudeau and Minister of Economic Development and Official Languages »

Economy, Internet, Science & Technology, Politics, Society

Ottawa announces $10 billion in funding for infrastructure projects

The Liberal government today announced plans to spend nearly $10 billion over three years in infrastructure initiatives that it hopes will help create some of the million jobs it promised in last week’s speech from the throne as well as »

Economy, Health, Society

Quebec will hand out stiff fines for people who break anti-COVID-19 rules

People across wide swaths of Quebec woke up to a new government mandate this morning: obey restrictions and measures put in place to combat COVID-19 or face some very stiff fines. The restrictions and measures apply to the province’s red-zone »

Economy, International, Politics, Society

After years of complaints Google to pay for some news content

Media publishers around the world have been long complaining about massive loss of revenue siphoned off by Google, Amazon, Apple and Facebook. They say the huge multinationals take their content and pay nothing.  They’ve also siphoned off much of the »

Economy, Health, Society

Canadians grow more concerned as second wave of COVID-19 rises

Canadians are feeling increasingly anxious about the rising tide of the COVID-19 pandemic and are worried about its impact on the economy once the second wave of infections subsides, according to a new survey by the Angus Reid Institute. As »